A Study on Modeling of E-Commerce Based WebApplications

The e-commerce industry is growing at a faster rate all over the world. The popularization of the e-commerce laid foundation for the e-commerce. As the e-commerce doesn't have a location boundary it may play an important role in every country's economic growth. The new way of doing business, i.e. e-commerce has a great impact for the business developments in every organization around the world. The Internet is a powerful new communication medium for conducting free-market style business transactions involving the instant exchange of billions of dollars on a worldwide scale. Primarily due the Internet industry's low market entry requirements, the 21st century shifted the balance of power away from industrial age firms.